If you are trying to calculate the maximum theoretical value of annuity, then look no further - Settle4NoLess Fixed Annuity Value Calculator does just that. All you have to do to get an estimate of present value of an annuity is to enter the monthly payments you have been receiving (or annual divided by 12), the years or months that your payments are going to be paid for and the fixed interest rate that is in your agreement. The result will reflect the current maximum value that your annuity is worth. Continue Reading »

Annuity is a contract

An annuity is a contract between an insurance company and an insured individual. It states the conditions under which an individual will make a lump-sum payment or series of payments. On the other side of the agreement, it will also contain the statement for obligations of the insuring party to make intervallic payments to an insured person or his or her beneficiary at a future date or immediately.

Types of Annuities

There are two main types of annuities – fixed and variable. The difference between these types of annuity is reflected in the way funds in one’s account are handled. Continue Reading »